The story of this market
The typical home in ZIP 38008 sells for about $199,000, or $115 per square foot.
Prices are up +2.4% from a year ago, so sellers still have some momentum. Homes take about 68 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $826 a month.
ZIP 38008 — Bolivar
The housing market in 38008 is characterized by low inventory and modest price appreciation, reflecting a stable but slow-moving rural economy. Demand is primarily driven by local buyers seeking affordable single-family homes, with limited speculative investment activity. Current conditions remain balanced as supply constraints prevent significant price volatility.
This area is best suited for budget-conscious family buyers and those seeking rural lifestyle opportunities with significant acreage. It is less ideal for urban commuters or those requiring high-density amenities.
Median prices moved up 2.4% year over year.
Homes spend a median of 68 days on market with 4.1 months of supply — a balanced-paced market.
12% of listings have cut prices · homes sell at 96.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 11.4% · poverty 17.9% — a mixed stability profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 8.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 38008, Hardeman County TN
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in Bolivar are generally consistent with rural West Tennessee averages, though property crime remains the primary concern for local law enforcement. Regional comparisons indicate moderate risk levels typical of small-town environments.
Schools serving the area are part of the Hardeman County School District, which faces challenges typical of rural districts including resource allocation and student performance variability.
The area is primarily at risk for severe thunderstorms and occasional wind damage, with localized flood risks near the Hatchie River basin. Insurance premiums are generally stable but reflect regional exposure to convective storm activity.
Economic momentum is driven by local manufacturing, agriculture, and public sector employment in the county seat. Development is currently focused on small-scale residential expansion and infrastructure maintenance.
Property taxes are assessed by Hardeman County based on a state-mandated appraisal cycle, with rates determined by local municipal and county commission levies. No significant special district taxes (MUD/PID) are prevalent in this rural jurisdiction.
Commuting is primarily car-dependent, with residents traveling via US-64 and TN-125 toward regional employment hubs in Jackson or the Memphis metropolitan periphery.
Local amenities include access to the Hatchie National Wildlife Refuge for outdoor activities, local municipal parks, and basic retail/dining options concentrated in the Bolivar city center.
The rental market is characterized by low inventory and steady demand for single-family homes, with limited multi-family development. Investor activity is present but primarily focused on long-term hold strategies rather than short-term rentals.
The economy is anchored by manufacturing, healthcare, and government services. Major employers include local school districts and regional industrial facilities.
Transportation is dominated by private vehicle use on state highways. Public transit options are non-existent, necessitating personal vehicle ownership for all regional travel.
Development is largely limited to infill residential projects and small-scale commercial renovations within the city limits.
The Hardeman County Assessor of Property manages assessments, typically following a state-mandated reappraisal cycle to ensure equitable valuation.
Parcels are subject to Hardeman County general levies and Bolivar municipal taxes, with no complex special utility districts reported.
Property insurance markets are standard for rural Tennessee, with premiums influenced by regional weather patterns and proximity to fire protection services.
Data retrieved from data.census.gov ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Large protected area offering hiking, bird watching, and fishing.
Central community space with playgrounds and sports fields.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.